Category Archives: Economics

When things are not what they seem

credit: Steve/Flickr CC BY Numbers look so very absolute, but that may be deceptive If you bought a car for £1,000 yesterday, and you sold it today for £1,200, did you make a profit? Most likely you’ll say yes. £1,200 … Continue reading

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Signals from the unexpected

(credit: didgeman CC BY) The messages that are sent when expectations and reality are at odds can be revealing and powerful A few weeks ago, three things happened to me on three consecutive days. All three involved choices other people … Continue reading

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The point of tipping

(credit: Lea Latumahina BY CC) An old and persistent custom offers rich insight in our profound economic nature I have to start with an embarrassing confession. On my very first business trip to the US, having arrived on a Saturday evening, … Continue reading

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The Meaning of Milestones

(credit: Simon Clayson BY CC) We often give milestones more significance than they objectively have Do you have a mortgage? If you live in Northwestern Europe, you probably do. According to Eurostat, more than half the population in the Nordic … Continue reading

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Numbers large and small

(featured image credit: Yeji Lee CC BY) Why is there no £8 coffee at Starbucks? Imagine you’re in the market for a small car, something like a Citroën C1 maybe, a Volkswagen Up! or a Toyota Aygo. Looking at the catalogues, … Continue reading

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Springonomics

(featured image credit: Aaron Brown) Economics, economics everywhere, even more so as spring has sprung We may not be quite like the mythical homo economicus, but every year when spring arrives in the Northern hemisphere, along with the return of … Continue reading

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Personal framing

(featured image credit: H. Uechi) We have more power over how we make choices and how we feel than we may realize Imagine you are an oncologist, and you discuss a course of action with a lung cancer patient. There … Continue reading

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